It seems that KAR have made visits of [130] odd stockbrokers in Sth America, while feedback was great, the question on everyones lips was:
Why would we pay more for part of the company when we can just buy it on the ASX cheeper?
A reasonable question, and one that doesn't really have a good answer.
Perhapps KAR should consider a duel listing and raise Capital during that process?
I think KAR's advisors, whoever they gave very poor advice and I certainly hope they are not paid anything after this failure.
Lets hope these Sth American Brokers start coverig KAR and generate some more off-shore interest in this stock
kar is better off now, page-30
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Last
$1.40 |
Change
0.010(0.72%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $4.290M | 3.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2727 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 17538 | 3 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |